joint tenancy
- A form of property ownership where two or more individuals own equal shares; when one owner dies, their share is automatically passed to the surviving owners, bypassing probate
- The couple purchased their home under joint tenancy, ensuring the survivor would become the sole owner.
- She and her business partner own their office building as joint tenants to avoid probate issues.
- Under their agreement of joint tenancy, he automatically became the full owner of the property after his brother's death.
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